Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the three months ended March 31, 2017 is as follows:

 

                Weighted-Average        
                Remaining        
          Weighted-Average     Contractual Life     Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2016     137,347     $ 30.59       8.2       $ -   
Granted     -       -                  
Exercised     -       -                  
Forfeited     -       -                  
Expired     (169 )     386.55                  
As of March 31, 2017     137,178       30.16       8.0       -  
Exercisable as of March 31, 2017     116,131       40.06       7.7       -  
Expected to vest as of March 31, 2017     137,178       30.16       7.9       -  

Schedule of Black-Scholes-Merton Option Pricing Model

The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees during the three months ended March 31, 2016 (no options were granted for the three months ended March 31, 2017):

  

    Three Months Ended  
    March 31, 2016  
Weighted-average risk-free interest rate     1.86 %
Weighted-average expected life (in years)     6.30  
Expected dividend yield     0.00 %
Weighted-average expected volatility     65.00 %

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total stock-based compensation expense included in the condensed consolidated statements of operations is allocated as follows (in thousands):

 

    Three Months Ended March 31,  
    2017     2016  
Cost of revenue   $ 5     $ 4  
Research and development     26       29  
General and administrative     23       38  
Selling and marketing     6       15  
Capitalized into inventory     -       2  
    $ 60     $ 88  

Schedule of Unrecognized Compensation Cost, Nonvested Awards

Unrecognized stock-based compensation as of March 31, 2017 is as follows (in thousands):

 

          Weighted  
          Average  
    Unrecognized     Remaining Period  
    Stock-Based     of Recognition  
    Compensation     (in years)  
Stock options   $ 198       0.95